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HomeAll newsMost read newsBusiness Leaders Biography
Age : 48
Public asset : 11,256,853,504 USD
Linked companies : Tesla Inc
Biography : Elon Reeve Musk is an entrepreneur and businessperson who founded 5 companies, which include: Tesla,

News Highlights: Top Company News of the Day

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04/21/2019 | 09:16pm EDT
SpaceX Capsule Suffers Engine Testing Problem on the Ground 

A SpaceX capsule presumed damaged during weekend engine tests on the ground in Florida created an extensive plume of smoke visible for miles, prompting some industry officials to say the problem could delay the company's first crewed space flight by months.

Management Tension, Mounting Competition Sink Lions Gate's Stock 

Lions Gate Entertainment's movie business has lost ground, while internal conflict and outside competition weigh on its pay-TV network. Since last summer, the company's shares have fallen 42%.

America's Biggest Supermarket Company Struggles with Online Grocery Upheaval 

Kroger is adjusting operations and investing in technology to try to hang on to customers who no longer like to buy their food in stores. 'We've got to get our butts in gear,' says Chief Executive Rodney McMullen.

Ghosn's Life in Jail: Half-Hour of Fresh Air, No Family Visits 

Weekends are the worst for former Nissan Chairman Carlos Ghosn, who is likely to find out this week whether he will face additional months behind bars. Alone in his cell, he isn't allowed to leave for the 30 minutes of fresh air he gets on weekdays or see his family. "It's a torture," says his wife, Carole.

Elon Musk to Tout Robot Cars Amid Tesla Sales Slump 

As Tesla faces questions about whether demand for the Model 3 compact car is slowing, CEO Elon Musk wants investors to focus on vehicles driving themselves in a robot-taxi fleet.

Uber's Greater Clarity on Costs Not Reassuring 

Uber's public documents differ from rival Lyft by being more explicit about the incentives it gives drivers-if only that were comforting.

Tesla to Cut Down on Board Members 

Tesla plans to shrink its board from 11 to seven directors over this year and next, with three longtime allies of CEO Elon Musk planning to step down along with one of the auto maker's newer independent members.

BP, Partners to Invest $6 Billion in Offshore Azerbaijan Project 

BP and its partners plan to lead a $6 billion development of the Azeri-Chirag-Deepwater Gunashli oil-field complex offshore Azerbaijan. The project includes facilities designed to process up to 100,000 barrels of oil a day.

Teva Gets Approval to Sell Generic Nasal Spray for Opioid Overdoses 

The U.S. Food and Drug Administration gave Teva Pharmaceutical the go-ahead to market a generic naloxone nasal spray to treat opioid overdoses.

Online Lender Prosper Settles Probe Over Misleading Investors 

A unit of online lender Prosper Marketplace agreed to pay $3 million to settle claims that it miscalculated returns of investors who funded its consumer loans.

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